Greenlane Holdings, Inc. (NASDAQ:GNLN) Sees Large Growth in Short Interest

Greenlane Holdings, Inc. (NASDAQ:GNLN) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 98,300 shares, a growth of 186.6% from the November 30th total of 34,300 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is currently 0.1 days.

Greenlane Stock Performance

Shares of GNLN traded up $0.11 during trading hours on Thursday, hitting $1.62. 118,702 shares of the company were exchanged, compared to its average volume of 695,646. The firm’s 50 day moving average is $2.24 and its 200-day moving average is $3.92. Greenlane has a 52 week low of $1.40 and a 52 week high of $21.80.

Greenlane Company Profile

Greenlane Holdings, Inc develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.